AUCTION ACTIVITY SLOWS IN OCTOBER

Published 22/11/2017 00:00:00 in Press Releases

The National Association of Motor Auctions (NAMA) has published its monthly car auction data report today for October 2017.

The report shows that overall in October:

  • First time conversion rates decreased by -2.2% to 83.2% from September- however the rate was up 3.1% on the same period last year
  • Average selling value decreased -2.3% from £5,893 to £5,759 from the previous month, however positively was up 7.7% from last Octobers figure of £5,347
  • Average mileage went up by 1.2% to 64,054 – falling by 1,793 miles compared to the same period last year
  • The first time premium was -£70 – a -137% decline on last month

Louise Wallis, Head of NAMA commented, “Auction activity declined in October which is fairly normal this time of year, however the month did start off on a high note following the strong market in September.

“Demand from buyers eased through the month and as a consequence hammer prices fell.

“We anticipate that auction activity will remain stable going into the final quarter.”

 

ENDS

Notes for editors: The full NAMA Car Auction report is available from the RMI press office on request.

Rupal Rawal, Press Officer
Tel: 020 7307 3412
Mob: 07528 977 157
Press Office direct line: 020 7307 3422
Press Office fax: 020 7307 3406

Web: www.rmif.co.uk  Email: rupal.rawal@rmif.co.uk

The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.

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